Gross savings in Sri Lanka
Sri Lanka: Gross savings was 27.6% in 2024. ▲ Rising
Gross savings in Sri Lanka, 1975–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in % of GDP.
Analysis
The most recent figure for gross savings in Sri Lanka is 27.6%, measured in 2024.
Compared with earlier readings it is up 6.0% on the previous year and down 13.9% over ten years.
Over the whole period, gross savings in Sri Lanka peaked at 37.3% in 2017 and was at its lowest, 2.9%, in 1976.
That places Sri Lanka 54th out of 178 countries with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently rising across the 45 years of available data.
Gross savings in Sri Lanka, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1975 | 7.5% | — |
| 1976 | 2.9% | -61.4% |
| 1977 | 5.1% | +76.4% |
| 1978 | 11.2% | +117.3% |
| 1979 | 22.7% | +103.3% |
| 1980 | 25.7% | +13.5% |
| 1981 | 26.8% | +4.0% |
| 1982 | 28.3% | +5.6% |
| 1983 | 26.7% | -5.6% |
| 1984 | 24.1% | -9.5% |
| 1985 | 23.7% | -1.8% |
| 1986 | 23.7% | -0.1% |
| 1987 | 24.2% | +2.0% |
| 1988 | 24.7% | +2.2% |
| 1989 | 23.6% | -4.5% |
| 1990 | 23.7% | +0.5% |
| 1991 | 23.6% | -0.4% |
| 1992 | 24.5% | +3.6% |
| 1993 | 25.6% | +4.8% |
| 1994 | 24.4% | -4.8% |
| 1995 | 20.8% | -14.6% |
| 1996 | 21.6% | +3.7% |
| 1997 | 22.2% | +2.8% |
| 1998 | 22.7% | +2.1% |
| 1999 | 23.4% | +3.1% |
| 2000 | 22.0% | -5.8% |
| 2001 | 23.0% | +4.3% |
| 2002 | 21.3% | -7.2% |
| 2003 | 21.7% | +1.6% |
| 2004 | 22.1% | +2.1% |
| 2005 | 24.2% | +9.2% |
| 2006 | 22.7% | -6.1% |
| 2007 | 23.6% | +4.1% |
| 2008 | 18.0% | -23.7% |
| 2009 | 23.9% | +32.7% |
| 2015 | 32.0% | +33.9% |
| 2016 | 34.5% | +7.6% |
| 2017 | 37.3% | +8.2% |
| 2018 | 35.1% | -5.8% |
| 2019 | 32.0% | -8.8% |
| 2020 | 31.4% | -2.1% |
| 2021 | 33.0% | +5.3% |
| 2022 | 25.9% | -21.6% |
| 2023 | 26.0% | +0.7% |
| 2024 | 27.6% | +6.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 9.9% | 2.9% | 22.7% | 5 |
| 1980s | 25.1% | 23.6% | 28.3% | 10 |
| 1990s | 23.2% | 20.8% | 25.6% | 10 |
| 2000s | 22.2% | 18.0% | 24.2% | 10 |
| 2010s | 34.2% | 32.0% | 37.3% | 5 |
| 2020s | 28.8% | 25.9% | 33.0% | 5 |
Countries ranked near Sri Lanka
More economy & growth data for Sri Lanka
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP -8.07 Percent per annum (2022)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP -7.82 Percent per annum (2022)
- Imports of goods and services (constant 2015 US$), annual growth rate 10.84 % change on previous year (2025)
- Imports of goods and services (constant 2015 US$), per unit of GDP 0.2353 constant 2015 US$ per US$ of GDP (2025)
- Imports of goods and services (constant 2015 US$), per capita 1,177 constant 2015 US$ per person (2025)
- External balance on goods and services (current US$), annual growth -62.31 % change on previous year (2025)
- External balance on goods and services (current LCU), annual growth -61.68 % change on previous year (2025)
- Agriculture, forestry, and fishing, value added (current LCU), annual 8.68 % change on previous year (2025)
- Agriculture, forestry, and fishing, value added (current LCU), per 25.17 current LCU per US$ of GDP (2025)
- Agriculture, forestry, and fishing, value added (current LCU), per 125,886 current LCU per person (2025)
Frequently asked questions
- What is gross savings in Sri Lanka?
- Gross savings in Sri Lanka was 27.6% in 2024, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest gross savings recorded in Sri Lanka?
- The highest recorded value was 37.3% in 2017.
- What is the lowest gross savings recorded in Sri Lanka?
- The lowest recorded value was 2.9% in 1976.
- How does Sri Lanka rank for gross savings?
- Sri Lanka ranks 54th out of 178 countries with data for 2024.
- Is gross savings rising or falling in Sri Lanka?
- Over the last ten years it is down 13.9%. The long-run trend across the full record is rising.
- Where does this Sri Lanka data come from?
- The figures come from Country official statistics, National Statistical Offices (NSOs), published as part of Gross savings (% of GDP). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 45 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Savings is an amount that represents the part of disposable income (adjusted for the change in pension entitlements) that is not spent on final consumption. Gross savings are calculated as gross national income less total consumption, plus net transfers. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.